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Remitly Global's cost of goods sold for the three months ended in Jun. 2024 was $128 Mil. Its cost of goods sold for the trailing twelve months (TTM) ended in Jun. 2024 was $454 Mil.
Cost of Goods Sold is directly linked to profitability of the company through Gross Margin. Remitly Global's Gross Margin % for the three months ended in Jun. 2024 was 58.3%.
Cost of Goods Sold is also directly linked to Inventory Turnover.
The historical data trend for Remitly Global's Cost of Goods Sold can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Remitly Global Annual Data | |||||||||||
Trend | Dec19 | Dec20 | Dec21 | Dec22 | Dec23 | ||||||
Cost of Goods Sold | 73.30 | 135.84 | 237.13 | 326.93 | 411.63 |
Remitly Global Quarterly Data | ||||||||||||||||||
Dec19 | Jun20 | Sep20 | Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | Mar23 | Jun23 | Sep23 | Dec23 | Mar24 | Jun24 | |
Cost of Goods Sold | Get a 7-Day Free Trial | 101.67 | 106.93 | 109.04 | 110.00 | 127.78 |
Cost of Goods Sold is the aggregate cost of goods produced and sold, and services rendered during the reporting period. It excludes Total Operating Expense, such as Depreciation, Depletion and Amortization and Selling, General, & Admin. Expense.
Cost of Goods Sold for the trailing twelve months (TTM) ended in Jun. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $454 Mil.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Remitly Global (NAS:RELY) Cost of Goods Sold Explanation
Cost of Goods Sold is directly linked to profitability of the company through Gross Margin.
Remitly Global's Gross Margin % for the three months ended in Jun. 2024 is calculated as:
Gross Margin % | = | (Revenue | - | Cost of Goods Sold) | / | Revenue |
= | (306.423 | - | 127.779) | / | 306.423 | |
= | 58.3 % |
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
A company that has a moat can usually maintain or even expand their Gross Margin. A company can increase its Gross Margin in two ways. It can increase the prices of the goods it sells and keeps its Cost of Goods Sold unchanged. Or it can keep the sales price unchanged and squeeze its suppliers to reduce the Cost of Goods Sold. Warren Buffett believes businesses with the power to raise prices have moats.
Cost of Goods Sold is also directly linked to another concept called Inventory Turnover:
Remitly Global's Inventory Turnover for the three months ended in Jun. 2024 is calculated as:
Inventory Turnover | = | Cost of Goods Sold | / | Average Total Inventories |
= | 127.779 | / | 0 | |
= | N/A |
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Inventory Turnover measures how fast the company turns over its inventory within a year. A higher inventory turnover means the company has light inventory. Therefore the company spends less money on storage, write downs, and obsolete inventory. If the inventory is too light, it may affect sales because the company may not have enough to meet demand.
Usually retailers pile up their inventories at holiday seasons to meet the stronger demand. Therefore, the inventory of a particular quarter of a year should not be used to calculate inventory turnover. An average inventory is a better indication.
Thank you for viewing the detailed overview of Remitly Global's Cost of Goods Sold provided by GuruFocus.com. Please click on the following links to see related term pages.
Rene Yoakum | officer: EVP, Customer and Culture | C/O REMITLY GLOBAL, INC., 1111 3RD AVE., 21ST FLOOR, SEATTLE WA 98101 |
Bora Chung | director | C/O BILL.COM HOLDINGS, INC., 1810 EMBARCADERO ROAD, PALO ALTO CA 94303 |
Matthew B. Oppenheimer | director, officer: Chief Executive Officer | 1111 THIRD AVENUE, ST. 2100, C/O REMITLY GLOBAL, INC., SEATTLE WA 98101 |
Hemanth Munipalli | officer: Chief Financial Officer | C/O REMITLY GLOBAL, INC., 1111 THIRD AVENUE, SUITE 2100, SEATTLE WA 98101 |
Joshua Hug | director, officer: Chief Operating Officer | 1111 THIRD AVENUE, ST. 2100, C/O REMITLY GLOBAL, INC., SEATTLE WA 98101 |
Ankur Sinha | officer: Chief Technology Officer | C/O REMITLY GLOBAL, INC., 1111 3RD AVE., 21ST FLOOR, SEATTLE WA 98101 |
Nigel W Morris | director | 1680 CAPITAL ONE DRIVE, MCLEAN VA 22102 |
Gail A Miller | officer: Chief Accounting Officer | C/O REMITLY GLOBAL, INC., 1111 3RD AVE., 21ST FLOOR, SEATTLE, WA 98101 |
Phyllis J Campbell | director | C/O AIR TRANSPORT SERVICES GROUP, INC., 145 HUNTER DRIVE, WILMINGTON OH 45177 |
Ryno Blignaut | director | C/O XOOM CORPORATION, 100 BUSH STREET, SUITE 300, SAN FRANCISCO CA 94104 |
Stripes Holdings, Llc | 10 percent owner | 402 WEST 13TH ST., 4TH FLOOR, NEW YORK NY 10014 |
Stripes Iii, Lp | 10 percent owner | 402 WEST 13TH STREET, 4TH FLOOR, NEW YORK NY 10014 |
Stripes Gp Iii, Llc | 10 percent owner | 402 WEST 13TH STREET, NEW YORK NY 10014 |
Kenneth A Fox | 10 percent owner | |
William Kazuo Bryant | director | 1111 THIRD AVENUE, ST. 2100, C/O REMITLY GLOBAL, INC., SEATTLE WA 98101 |
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